Euro / U.S. Dollar
Long
Updated

EUR/USD | EUR/USD Holding 1.16 – Eyes on 1.17 Next! (READ)

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By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that the price is currently trading around 1.165 and has so far managed to hold above the 1.16 support zone. Based on the current trend and momentum, I expect a potential bullish move toward higher levels, with targets above 1.17.

All the key supply and demand zones are marked on the chart, so keep a close eye on the price reaction around these critical levels!

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Best Regards , Arman Shaban
Trade active
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that, as expected, the price first moved toward the demand zone we highlighted on the chart and, after gaining strong buying pressure, pushed back up toward the 1.17 target. The pair is currently trading around 1.167.
Now, we need to see whether the price can hold above 1.165. If it manages to stabilize above this level, we can expect further bullish momentum toward the 1.17+ levels. This analysis will be updated soon with the latest price action.

snapshot

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